FOR IMMEDIATE RELEASE | September 28, 2012

American Chemical Society Entrepreneurial Initiative Wins Top Award

Washington, D.C. — The American Chemical Society (ACS) has been named as one of just six recipients of a 2012 Summit Award from ASAE: The Center for Association Leadership. The Summit Award is the highest recognition in the ASAE’s Power of A Awards, honoring associations that engage in innovative, effective programs that benefit America and the world. It will be presented October 3 at the National Building Museum in Washington, D.C.

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The ACS was honored for its Entrepreneurial Initiative, a two-year pilot program that provides chemical entrepreneurs with affordable access to training and resources that foster the creation of new jobs for U.S.-based chemists.

“For prospective entrepreneurs, developing a new idea is just the first step,” said Madeleine Jacobs, ACS Executive Director and CEO. “Commercializing that product or process requires a whole new set of skills and knowledge, from understanding the patent process and finding venture capital, to deciphering export trade and tax laws and managing staff. That’s where the Entrepreneurial Initiative comes in. By making these skills and resources more accessible for chemical entrepreneurs, we can help create new jobs in this country.”

Members of the Society are eligible to apply for training and resources at the above link. The new application period opens Oct.1 and runs through Dec. 3, 2012.

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